This service pack is specially designed for traders, who are trading in MCX Bullion(Gold , silver) i.e. all the commodity bullion. Under this package the service would be provided via mobile by sms during the market hours. On an average 60-70 Calls would be given per month.

This service pack is specially designed for traders, who are trading in MCX ENERGY (CRUDE OIL AND NATURAL GAS) i.e. all the ENERGY SCRIPS . Under this package the service would be provided via mobile by sms during the market hours. On an average 40-50 Calls would be given per month.

1 Mar 2013

Commodities dropped for a fourth day and stocks fell as $85 billion of spending cuts were set to be triggered in the U.S. and manufacturing slowed in China and the euro area. The 17-nation shared currency and the pound weakened while the Swedish krona strengthened.

“Risk assets underperformed as data such as PMIs reinforced a view that we are in a low growth environment,” said Michael Quach, investment strategist in London at Smith & Williamson Investment Management, which has $19 billion in assets. “Stimulus and other confidence boosting measures provided by central banks around the world have helped to reduce systemic risk, but there are still a lot of headwinds in the economy.”The U.S. Senate rejected a pair of partisan proposals to replace the automatic across-the-board spending reductions which the International Monetary Fund says will hurt global growth. Consumer spending rose in America in January, the Commerce Department said before reports on manufacturing and construction. Data showed China’s manufacturing slowed for a second month while factory output in the euro area contracted for the 19th straight month.

Dollar Gains

The dollar led gains in world markets last month, beating global measures of bonds, stocks and commodities, as the threat of U.S. budget cuts proved no barrier to investors snapping up American assets. Japan overtook China last year as the largest foreign holder of U.S. securities, including equities, asset- backed debt and Treasuries, the U.S. Treasury Department said.

The Dollar Index, which tracks the currency against six U.S. trading partners, climbed 0.5 percent today. Treasuries advanced for a second day, with the yield on 10-year notes falling three basis points to 1.85 percent.

The S&P GSCI of commodities fell to a two-month low and is heading for a fourth weekly decline, the longest streak since June. West Texas Intermediate oil dropped to $90.84 a barrel. Copper slipped 1.7 percent to the lowest since Nov. 28 and aluminum retreated for a 10th day, the longest slump since June. China is the biggest buyer of energy and industrial metals.

European coal for 2014 fell to a record $97.50 a ton.

Earnings Disappoint

The Stoxx 600 erased this week’s advance. The gauge climbed for nine months through February, the longest run of gains since 1997. Two shares fell for every one that gained in the Stoxx 600 today, with a gauge basic-resource stocks dropping 2.5 percent, the biggest decline among 19 industry groups.

Belgacom SA (BELG), the largest phone company in Belgium, fell 8.7 percent to a record low after forecasting earnings that trailed analyst estimates. Royal Vopak NV, the world’s biggest chemical and oil storage company, tumbled 15 percent as operating profit declined.

Thales SA surged 12 percent as Europe’s biggest maker of defense electronics reported earnings that topped estimates and started a review of regional and product focus to improve profitability.

The cost of insuring against default on corporate debt increased, with the Markit iTraxx Europe index of credit-default swaps linked to 125 investment grade companies rising 3.5 basis point to 120, the highest in three days.